Pacer International files equity issue statement

Pacer International files equity issue statement    Concord, Calif.-based Pacer International, Inc., the Nasdaq-listed non-asset based North American intermodal and logistics company, has filed a statement with the U.S. Securities and Exchange Commission for the potential offering of up to $150 million in equity.
   The purpose of the registration statement is to provide Pacer with greater flexibility for corporate purposes, including the repayment or refinancing of borrowings, working capital, capital expenditures, and acquisitions, according to Don Orris, chairman and chief executive officer.
   “After the shelf registration is declared effective by the Securities and
Exchange Commission, the equity securities may be offered from time to time directly or through underwriters at amounts, prices and other terms to be determined at the time of any offering,” Pacer said.
   Pacer said it will provide detailed information about each offering of common stock, preferred stock or warrants at the time of the offering.
   The registration statement also covers possible future sales of up to 8.7 million shares of common stock by existing stockholders.